Nonprofits›Black Economic Alliance Foundation

Philanthropy, Voluntarism & Grantmaking Foundations

Black Economic Alliance Foundation

WASHINGTON, DC

WebsiteView as a funder

Total revenue

$22.9M

Total expenses

$8.8M

Net assets

$26.2M

Grants received

$32.8M

63 grants

EIN

833790370

Tax year

2024

Mission

The organization focuses on advancing economic progress in black communities by supporting research, education, and public policy development around work, wages, and wealth in the black community.

Programs

1 program

Center for black entrepreneurship - the black economic alliance foundation, spelman college, and morehouse college have partnered to develop the center for black entrepreneurship (cbe), the first-ever academic center of its kind to produce, train, and support a new classof black entrepreneurial talent.the cbe seeks to eliminate the access barrier between black entrepreneurs, professional investors, and business builders by leveraging education, mentorship, access to capital, and opportunity.

Expenses: $3.0MGrants: $1.7M

Financials

FY 2024

Revenue

Contributions & grants$22.3M
Program service revenue—
Investment income$297K
Other revenue$329K
Total revenue$22.9M

Expenses

Grants paid$2.3M
Salaries & benefits$2.0M
Fundraising$397K
Other expenses$4.5M
Total expenses$8.8M
Total assets$28.9M
Net assets$26.2M

People

14 listed

NameRoleCompensation

N ANTHONY COLES JR

DIRECTOR, PRESIDENT

Board

—

6 hrs/wk

VICKI PALMER

DIRECTOR,TREASURER

Board

—

4.9 hrs/wk

CHARLES PHILLIPS

DIRECTOR, SECRETARY

Board

—

6 hrs/wk

TIA BREAKLEY

DIRECTOR, ASST TREASURER

Board

—

2.4 hrs/wk

KNEELAND YOUNGBLOOD

DIRECTOR

Board

—

1.2 hrs/wk

ROBYN COLES

DIRECTOR

Board

—

6 hrs/wk

DEVAL PATRICK

DIRECTOR

Board

—

1.2 hrs/wk

BRODERICK JOHNSON

DIRECTOR

Board

—

1.2 hrs/wk

MATTIE MCFADDEN-LAWSON

DIRECTOR

Board

—

0.7 hrs/wk

RICHELIEU DENNIS

DIRECTOR

Board

—

0.7 hrs/wk

BENEREE WILEY

DIRECTOR

Board

—

0.7 hrs/wk

ROSALIND BREWER

DIRECTOR

Board

—

0.7 hrs/wk

SAMANTHA TWEEDY

CHIEF EXECUTIVE DIRECTOR

Board

—

34 hrs/wk

ALAINA BEVERLY

EXECUTIVE VICE PRESIDENT

Staff

—

40 hrs/wk

Independent contractors

WM EVENTS INC

EVENT PLANNING

$317K

THE URBAN INSTITUTE

POLICY AND RESEARCH CONSULTANTS

$300K

CLARK LAWRENCE CONSULTING

FUNDRAISING CONSULTANTS

$239K

THE JENKINS GROUP LLC

POLICY AND RESEARCH CONSULTANTS

$238K

CONVENE AT 121 AVE OF AMERICAS LLC

VENUE RENTAL

$203K

Grants received

Showing 63 of 63

FromAmountPurposeYear
GS DONOR ADVISED PHILANTHROPY FUND
$13.1M
COMMUNITY & HUMAN SERVICES
2024
THE BLOOMBERG FAMILY FOUNDATION INC
$1.0M
TO SUPPORT ECONOMIC DEVELOPMENT
2024
THE FORD FOUNDATION
$600K
GENERAL SUPPORT AND CORE SUPPORT FOR INSTITUTIONAL STRENGTHENING
2024
THE FORD FOUNDATION
$150K
CORE SUPPORT TO ENGAGE BUSINESS LEADERS TO DEFEND VOTING RIGHTS AND SUPPORT DEMOCRACY PROTECTION.
2024
Annie E Casey Foundation Inc
$115K
Support for advocacy to advance work, wages and wealth
2024
Silicon Valley Community Foundation
$25K
General Nonprofit Support
2024
UNIVERSAL MUSIC ALL TOGETHER NOW
$20K
GENERAL OPERATING SUPPORT
2024
SKOLL FUND
$20K
GENERAL NONPROFIT SUPPORT
2024
MASTERCARD IMPACT FUND
$2.2M
SMALL BUSINESS
2023
Visa Foundation
$1M
the center for black entrepreneurship (CBE) program
2023
THE BLOOMBERG FAMILY FOUNDATION INC
$733K
TO SUPPORT THE BLACK WEALTH DATA CENTER
2023
THE FORD FOUNDATION
$615K
GENERAL SUPPORT AND PROJECT SUPPORT FOR INSTITUTIONAL STRENGTHENING
2023
THE FORD FOUNDATION
$150K
CORE SUPPORT TO ENGAGE BUSINESS LEADERS TO DEFEND VOTING RIGHTS AND SUPPORT DEMOCRACY PROTECTION.
2023
SEATTLE FOUNDATION
$150K
TO PROVIDE GENERAL SUPPORT.
2023
THE FORD FOUNDATION
$133K
ONE-TIME CORE SUPPORT TO ENGAGE CORPORATIONS AND CEOS TO DEFEND VOTING RIGHTS AND SUPPORT DEMOCRACY REFORM
2023
Silicon Valley Community Foundation
$75K
General Nonprofit Support
2023
THE ANNE WOJCICKI FOUNDATION
$50K
GENERAL SUPPORT
2023
THE GOLDMAN SACHS CHARITABLE GIFT FUND
$35K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2023
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$32K
For grant recipient's exempt purposes
2023
LM FOUNDATION
$25K
ACHIEVE CHARITABLE PURPOSE
2023
Lorber Family Foundation
$10K
General Support
2023
CAPITAL ONE FOUNDATION INC
$905K
PREDICTIVE DATA TOOL AND GENERAL OPERATING
2022
THE FORD FOUNDATION
$500K
GENERAL SUPPORT
2022
THE BLACKROCK CHARITABLE FOUNDATION
$500K
RACIAL EQUITY
2022
ROBIN HOOD FOUNDATION
$500K
POVERTY RELIEF
2022
The Bank of America Charitable Foundation Inc
$500K
PROGRAM/OPERATING SUPPORT
2022
THE FORD FOUNDATION
$267K
ONE-TIME CORE SUPPORT TO ENGAGE CORPORATIONS AND CEOS TO DEFEND VOTING RIGHTS AND SUPPORT DEMOCRACY REFORM
2022
SEATTLE FOUNDATION
$150K
TO PROVIDE GENERAL SUPPORT
2022
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$101K
For grant recipient's exempt purposes
2022
THE ANNE WOJCICKI FOUNDATION
$100K
GENERAL SUPPORT
2022
Silicon Valley Community Foundation
$100K
General Nonprofit Support
2022
THE ROCKEFELLER FOUNDATION
$100K
TOWARD THE COSTS OF A CAMPAIGN TO INCREASE AWARENESS OF THE CHILD TAX CREDIT AND EARNED INCOME TAX CREDIT AMONG DISADVANTAGED AMERICANS, AND TO PROMOTE THE PERMANENT EXPANSION OF THESE TAX CREDITS
2022
THE ANNE WOJCICKI FOUNDATION
$100K
GENERAL SUPPORT
2022
Annie E Casey Foundation Inc
$50K
SUPPORT EITC AND CTC OUTREACH THROUGH BLACK BUSINESS LEADERS
2022
Arkay Foundation
$50K
General Operating Support
2022
RATTNER FAMILY FOUNDATION INC
$25K
GENERAL SUPPORT
2022
COASTAL COMMUNITY FOUNDATION OF SOUTH
$25K
PHILANTHROPY GRANT
2022
THE GOLDMAN SACHS CHARITABLE GIFT FUND
$15K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2022
Lorber Family Foundation
$10K
General Support
2022
Visa Foundation
$3M
To support the Center for Black Entrepreneurship
2021
MASTERCARD IMPACT FUND
$2.2M
FINANCIAL SECURITY/ INDIVIDUALS
2021
THE GOLDMAN SACHS CHARITABLE GIFT FUND
$775K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2021
The Bank of America Charitable Foundation Inc
$500K
OPERATIONAL SUPPORT
2021
THE FORD FOUNDATION
$500K
General Support
2020
THE ANNE WOJCICKI FOUNDATION
$100K
GENERAL OPERATING SUPPORT
2020
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$96K
For grant recipient's exempt purposes
2020
THE ANNENBERG FOUNDATION
$50K
General operating support
2020
THE CARUSO FAMILY FOUNDATION
$50K
ADVANCING ECONOMIC PROGRESS IN BLACK COMMUNITIES BY SUPPORTING RESEARCH, EDUCATION, AND PUBLIC POLICY
2020
IGER BAY FOUNDATION
$50K
GENERAL
2020
THE FORD FOUNDATION
$50K
Matching Gift
2020
COASTAL COMMUNITY FOUNDATION OF SOUTH
$25K
CHARITABLE SUPPORT
2020
Silicon Valley Community Foundation
$25K
General Nonprofit Support
2020
GS DONOR ADVISED PHILANTHROPY FUND
$25K
COMMUNITY & HUMAN SERVICES
2020
THE GOLDMAN SACHS CHARITABLE GIFT FUND
$10K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2020
COLUMBUS FOUNDATION
$10K
URBAN AFFAIRS
2020
AMERICAN ONLINE GIVING FOUNDATION INC
$5K
GENERAL SUPPORT
2020
MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC
$5K
UNRESTRICTED GENERAL SUPPORT
2020
AMERICAN ENDOWMENT FOUNDATION
$5K
PROGRAMS
2020
THE GOLDMAN SACHS CHARITABLE GIFT FUND
$5K
COVID RELIEF FUND
2020
The Streisand Foundation
$3K
BLACK-LED POLITICAL COALITION THAT AIMS TO DRIVE ECONOMIC PROGRESS AND PROSPERITY IN THE BLACK COMMUNITY
2020
THE GOLDMAN SACHS CHARITABLE GIFT FUND
$1.0M
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2019
DONOR ADVISED CHARITABLE GIVING INC
$26K
PUBLIC, SOCIETAL BENEFIT
2019
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$5K
For grant recipient's exempt purposes
2019

Funded by

$32.8M from 32 funders · 63 grants · 2019–2024

Gs Donor Advised Philanthropy Fund

$13.1M · 2 grants · 2020–2024

Mastercard Impact Fund

$4.4M · 2 grants · 2021–2023

Visa Foundation

$4M · 2 grants · 2021–2023

The Ford Foundation

$3.0M · 9 grants · 2020–2024

The Goldman Sachs Charitable Gift Fund

$1.9M · 6 grants · 2019–2023

The Bloomberg Family Foundation Inc

$1.8M · 2 grants · 2023–2024

The Bank of America Charitable Foundation Inc

$1M · 2 grants · 2021–2022

Capital One Foundation Inc

$905K · 1 grant · 2022

Details

EIN833790370
NTEE codeT11
Subsection03
Ruling date2019-07
Formed2019
Employees0
Volunteers12
BLACK ECONOMIC ALLIANCE FOUNDATION — Mission, Financials & Grants Received | Grantivo